Items Tagged with 'NMLS'

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  • LendingPad partners with My Mortgage Trainer for low-cost training

    LendingPad clients can receive a discount on NMLS-approved training
    LendingPad, a 2019 HW Tech100 winner, is partnering with My Mortgage Trainer to provide LendingPad LOS clients a discounted rate on mortgage license education training. 
The company announced that lenders using its LOS platform will be able to access the NMLS-approved education needed to obtain or renew a mortgage license.
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  • New York regulators expand NMLS to broaden authority

    Usage grows into additional financial services
    The New York Department of Financial Services announced it is expanding its use of the Nationwide Multistate Licensing System and Registry. The department currently employs NMLS to manage and regulate mortgage providers licensed in New York. But now, it plans to use the NMLS for additional financial services industries.
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  • NMLS View on State-Licensed Mortgage Entites

    The Nationwide Mortgage Licensing System and Registry (NMLS) published a report compiling data regarding the status of state approved entities and licenses tracked though the NMLS system for the first two quarters of 2011. According tot he NMLS "Nationwide View on State Licensed Mortgage Entites" report, at the end of the first quarter 2011, there were 131,035 total entities licensed in the NMLS, including, 14,980 company licenses, 15,957 branch licenses and 100,098 individual licenses. Among the companies licensed, 3,515 self-reported reverse mortgages in their business actives, amounting to 23% of the licensed companies. By the end of the second quarter,
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  • MLO Test Retake Policy Revised

    The Nationwide Mortgage Licensing System & Registry (NMLS) has announced a change in regard to the number of times a license applicant can retake a licensing exam before being required to sit out a 180-day waiting period.   Under current policy, applicants may who fail the national or state licensing exams, may take the test a total of 4 times before being forced to wait out a 180-day waiting period to try again.  Beginning with any enrollments to take tests on or after August 29th, the number of initial test before the waiting period will be reduced to three.
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  • NMLS Seeks to Report State Regulatory Actions

    The Nationwide Mortgage Licensing System & Registry (NMLS) has released a proposed rule for public comment that would allow for the reporting of state regulatory actions against companies and individuals on the NMLS consumer access website. The goal in developing the reporting functionality would be improve transparency and information available to consumers, to facilitate for the sharing of information among state regulatory agencies and to meet the SAFE Act mandate to provide easily accessible information to consumers regarding publicly adjudicated disciplinary and enforcement actions against licensed entities and individuals. Title V of the SAFE Act requires the NMLS to
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  • NMLS Provides Guidance for Submitting Call Reports

    The National Mortgage Licensing System (NMLS) has provided guidance on the how company users will be able to submit their required Mortgage Call Reports (MCRs).  The NMLS system will provide the ability to either manually enter their MCR data into the system, or upload the data through a XML data file.   The instructions for utilizing the upload feature are detailed on the Mortgage Call Report XML Specification page of the NMLS website.  In addition to providing a detailed instructional MCR XML Specification document, the section includes a sample XML pack to help demonstrate the creation of the XML
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